Anyone seen this? Pretty much means that rights holders no longer have rights over their own work without registering them on a work-by-work basis. This allows companies to use, sell and sub-licence your works without asking you permission.
Might be wise to start taking all your pictures off the internet. Anything without metadata (or has had it stripped by Fa...an unscrupulous company) is fair game.
Note that this also extends to sound/music, designs(graphical, mechanical, system) and even software.